Successful Businessman unlike FLPC
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I think Silve means the TWO Leeches that won, ie. Bob and Don. After all, they set the whole scam up. Clever bligheters, but it's not over yet.
I feel there are just a handful of peoples who's opinions are realistic. A few which are no longer on the Forum, yourself and one other person who will remain nameless for now. But your notions concur with mine (mine lol!), but you are very correct in saying that Don and Bob, especially Bob are artisans at deception and innuendo and it's been proven time and again with enough PROOF over the last 8 years!
I'm wondering whether or not the Filings are even close to being finished, and if not, my guess is that Heaton's has some time ago, requested part payment before they continued and FLPC hasn't paid them a Penny, so those Filings are bound to be on hold. Don't forget that poor old Pitmann33 out in Canada was another victim of FLPC's lax attitude to provide as requested by Law, a set of filings to PROVE to the investors that the company is 'stable' and able to trade. It never happened, so the Canadian Exchange barred them so Pitmann could not trade opr access his account.
To some degree, I feel empathy toward the LTH's as I've been there myself, but I don't feel sorry for them...a subtle difference, because they all knew which way this was heading, if they didn't then they were blinkered. There has been SO MANY obvious pointers to FLPC going down the pan, including Bobs admission IN WRITING in 2016, that they were considering filing for insolvency, but didn't, probably because they thought that with enough Porkies, they could ring out more investors cash before they called time.
This should have been sufficient warning to withdraw Investments before they lost everything, hence I don't feel sorry for them.
If, all of a sudden they come up with a tempting plan, don't be fooled, it will be yet another plausible yarn engineered to fool the investor into parting with even more cash before they close down altogether. It is possible, that during this time, they COULD finalise the accounts and submit them, then the SEC would release their Securities...what there are left. After that, THEN FLPC will start the talk again with the 'likely allocation of a few Million dollars' to start Mining.
Don't believe it until you see PROOF & EVIDENCE of work BEING done, not just what if's and maybe's, because as sure as 'Eggs is Eggs', it will be a big CON! They have NO Money and NO-ONE will lend them anything based on their poor track record and abject failure to actually do any proper work...EVER!
FLPCeased
'FLPC is not under investigation.
FLPC has not committed any crime.
Speculation to the contrary is folly without facts, and opinions are not facts or proof of wrongdoing.
WRONG! They WERE under investigation by the SEC and for this reason, there WAS wrong doing for them to even BE under Investigation...See!
Don't believe it, if there was a plan, they would have dealt with the SEC in a proper businesslike manner. If they can't even do this, there is no plan, so don't be fooled by more words until they come up with the goods, but they won't. They've pulled the Wool long enough and it's time for them to quit and close the doors. They have lost ALL credibility, that's if they had any to start with?
Don't be conned any more folks!
Hi Echo. Well, whilst it was pretty much foregone conclusion, the BoD has been dilatory from start to finish and because of their Lax attitude and lack of communication to their Investors, something was bound to happen like this eventually.
As you have been following FLPC for some time, it was fairly easy to work out their fate since 2014 when they said the Filings were being done and then stalling tactics were used to make investors think they were 'working hard' to get the Filings ready for release. I had my doubts that any of this was very true and I personally think that it was all bravado from the start, and they hadn't lifted a finger. It was, as I've always said, words from start to finish and they were never to be trusted, but hey, some stuck with it and those who 'bought more' probably didn't, knowing full well that the clock was ticking and the losses would probably be 100%. I feel sorry for them to some degree, but lack of foresight has cost them dear.
The BoD won in many respects as they screwed the shareholders and did no real work that would enhance their profile or benefitted those who gave them a Lifestyle they enjoy. Whatever anyone says, the BoD were always in it for themselves and knew from the start, this was going nowhere, but conned everyone that which they said was deemed to be fairly true with high risk. Nothing was EVER going to live up to their claim. A clever play on words with minimal work made people think it was all going to be great, but each time they embarked on a venture, it failed and they would never spend the money to see it through, each time making excuses as to what went wrong.
In fact, nothing ever went wrong. They engineered it for investment, FOR THEMSELVES and never to give anything back. Morals and ethics were never further from their minds, only money. They couldn't give a damn about anyone else except themselves as the risk was over to the shareholder and their choice.
Disgusting from the outset, and they won't be taken to task unless someone wants to try to prove in court, they set this scam up as a con. Good luck to anyone who chooses to take them on. failing that, write to them at their home address and tell them how you all feel.
As I said, you needed to be wary about these guys because they were TRICKSTERS, now perhaps you believed us? My contact, who was part owner of the Mine knew this from years ago and was kind enough to enlighten me with ongoing info. about how FLPC treated the family who owned Fencemaker. Jerry Whyte was at his wits end, and Nevada4news helped get Jerry his money with a little intervention from here and there.
The clock has struck 12 and I very much doubt that the BoD will even put much of a message on their web site. If they do, there will be NO apology apart from blaming a third party rather than admit they were at fault, but we'll see. What they put is still likely to be BS anyway as usual.
I empathise with the LTH who have sat it out as I've been there myself with PPA and I doubt Don the Con and Co will have much to say, and also doubt they will ever pick up the phone if you try to ring. It may even be that the number is unobtainable?
I have a great life! Own business, two cars, own house, three Pensions.
I don't want for much, best of all, I'm not invested here, I think that all but a few who chose to invest in a failing company over most of its time here, really didn't have the sort of life that proved them gullible enough to fall for the innuendo posed by the BoD, and were lead to believe that over the last 5 years or so, a near-insolvent company would rise from the ashes as a fully fledged Mining business. Still, it's their choice and I wish them the best of luck.
Read their disclaimer and there, it will tell all, true to form.
Have a pleasant day if you can?
One minute you are calling them Crooks and rogues, next minute your are backing the BoD, which is it. Make your mind up!!!
All I can tell you is that the contract was allegedly exploited by FLPC due to the content of one or more 'misread' clauses which caused a number of issues between several parties...much more to this but that's all I'm saying and if Waxy wants proof, look up the contract in the Public Records Office and read it very carefully, then decypher the wording. End of...
That's because the information is too private and it would mean naming names which I'm not prepared to do on a Public Domain, especially sensitive material and who it involves.
'Mirror Mirror on the wall' is a fairy tale line, as is the possibilities of FLPC opening the Mine, full time. I suppose you could walk up to it and say 'Open Sesame' and see if any secret stones slide across to reveal already processed Ore. Of course, if a door does open, it will probably be someone coming out of the Jon. (Give it a minute!) LOL!!!
I don't need any help, thanks. JT is old news and Voaden never shafted FLPC as he was employed as a consultant as you well know. He moved back to the UK to spend more time dealing with the Elizabeth Voaden Foundation, a dedicated charity. I don't doubt he has fingers in other pies but I don't know what they are. I doubt he will rest on his laurels if he see's an opportunity to make money though. It's how he is, a businessman. It's what they do?
I know enough now. Been back in touch with the family who directed me to the right place. VERY Interesting.
Who were the crooks that screwed them. Crooks dealing with crooks only ends in tears!
If the value was that high, there would be Miner's crawling all over it. Not any more though, a of of it happened in the 20s, then the 80s until it was virtually Mined out to be uneconomical to continue. If the value was still there, FLPC would have considered Subcontracting the Mine out if the Mine owners were willing to do a deal?
You don't have to be an unwise investor to look things up. The FACT is that it doesn't exist.
It's unlikely it will even be Registered. It is not a Public Requirement to have short term leases for businesses available in the Public Domain and available for perusal.
Show me PROOF and EVIDENCE that FLPC is registered ANYWHERE.
....ask them direct, get the FACTS straight from source. If you don't ask questions, you won't know the answers. Your choice.
Tick Tock.
Contact the Mine owners yourself...
I very much doubt that the Family who owns Fencemaker want anything more to do with FLPC now which I know is due to contractual anomalys. If you recall, there was a case between the owners and FLPC which was dropped a short time ago. It is my understanding there were a few issues that arose about the content of the FM Contract which was questionable.
Unfortunately, I cannot put the reasons why on here, but it's not hear-say. Another time perhaps?
Meanwhile, we await the next episode from the SEC to see whether or not, they have complied or are complying?
It's VERY true. A share doesn't rise by thousands of percent unless it's artificially pumped in attempt to generate interest in the share by buying a few $ worth. It's happened many times recently and on account of what....nothing. As mentioned, this will be followed by c95% drop and Sells, which is PROOF and EVIDENCE that it COULD be the same buyer/seller messing with the share on a regular basis. There's not even anything to Trade on decent level, so the buyer is clearly nutty!!
The due dump will come between now and the two or three working days. You wait and see. If people were that keen to buy FLPC shares, you would see more than one few $ Pump.
Another 'Pump' with no news that we know of. Give it a few more days and you will see 'sells' in the region of -95% Seen it several times before, let's see if it's any different this time?
Maybe the market has got wind of a decision between FLPC and the SEC or maybe the BoD are Pumping it just to give this impression?
Off out on business now near Gatwick Airport to buy some Photo goodies!
Yes, 'RuddyT'. See his post further back. The info. will filter through soon after, but yes, a few days before you know. I would like to be a fly on the wall in the BoD's office, metaphorically speaking of course! All the guys in black suits and dark glasses coming and going, tripping over the step because they think they look the part!
They could well be. The approx. time frame was about two weeks, although not specific?
Costs nothing to wonder, does it. I was one of the wise investors that chose not to buy and get ripped of. Even you have your doubts now as you have already called them a bunch of crooks on several occasions...and you are right!
At least we agree on that?! lol
....just like FLPCs 'Millions' they alleged they had allocated for Mining!
There is Billions in value in the ground, all they have to do is find those 'Millions' and start proper Mining. This will be after the SEC has finished with them and will decide what to do. This should be in a few days. They had around two weeks to come up with answers to the questions that the SEC asked them for.
Wonder what the excuse will be this time, that's if there is one?
They did have a point to be in this business. That was to make money for themselves.
The guys are not really true Miners but probably had advice as to what to do all along. They both have excellent qualifications. They have succeeded in doing what they set out to do, that is NOT Mine but pretend to be a plausible Mining company. Nothing from the outset has gone right or has been seen to be ever be properly working. In each case, they build the potential so that people invest, the Investment via shares has been extracted bit by bit until there was nothing left. This was to improve the business to the Share Holder's advantage, but made no visual working difference, AT ALL.
FLPC was sold on cheap words, then something happens and the plan is aborted...EVERY Time. This is why there has never been any revenue, because they had nothing to sell, despite a 'trade arrangement' with 'The Chinese'...(Probably true but the Chinese Restaurant down the road!) 'Mi-Ning' A Chinese 'Mining business'. LOL! It all looked good, but talk cost them no money!
It's always down to money and in many cases, they have defaulted in Payments. Liberty Mill first down payment was not made, etc. etc.
The BoD have won.
As mentioned, wait and see. FLPC don't need to succeed to have the SP increase. ANY good news will work if they can back it up for a short period, enough time to trade. Whilst whatever they say is unlikely to happen, some people will win some cash if their average is low or they buy at this low to trade.
As you are well aware of how the BoD operate, that is, by words rather than actions, one or two 'significant sounding' announcements will do it, after that, it will probably fall flat. IF that doesn't work, FLPC will call it a day in about a week, but I feel that despite their self inflicted predicament, they may have something up their sleeves...like a few fake Rolex Watches, if you see my point?!
Trading this share is the only way to make money. As we know, this share flys on a small trade. 1900% just a day or two ago. If FLPC make an announcement about 're-starting Mining', this could be enough to make a killing at the present level. If investors have averaged down, that is the only way to cut losses or even make money providing the original buying price is recent and not years ago. If it fails, they already know the risk.
In the UK, we have Negotiated Trade and if a share went from 5 Cents to 50 Cents and you had a Million shares, invariably you cannot sell them in one hit. By the time you sold them all, the price can crash. Negotiated Trades could be 15-20 Minutes before the first sales goes through which could be 100K Shares, after that, 50 Cents could only be 15 C. One has to be quick to sell whilst it is rising and not to be greedy. If you wait, it can be too late.
Maybe the system here is similar, but you can rarely offload your entire holding in one go. Nice of you could?
Still wrong!!
FLPC is NOT in touch with the SEC, otherwise they would not have initiated these proceedings!!:
"As stated in the OIP, Respondents’ answers were required to be filed within ten days of service of the OIP.3
As of the date of this order, Respondents have not filed an answer. The
prehearing conference and the hearing are thus continued indefinitely".
It's PROOF they have not made contact. IF you are so sure they HAVE been in touch, place here PROOF & EVIDENCE to back up your claim of FLPC actually BEING in touch. If you know they have, you must have proof, therefore show everyone here. If you cannot, then you are ASSUMING they've made contact, whereby the statement from SEC says to the contrary!
Unless the SEC states within 12 working days that FLPC has made contact, it will be deemed by all that reads their posts, that FLPC is still behaving in a Lax manner. I believe what the SEC writes and not guesswork from a third party!
FLPC has NOT been charged with a crime or any wrongdoing.
Proceedings for failure to file their annual and quarterly reports is not uncommon for penny stocks despite attempts to paint a different picture.
Now you are actually ADMITTING there ARE Proceedings, exactly as I said, but you denied. BUT they ARE being taken to task for WRONGDOING, and if you are unsure what it is, read the last notice from the SEC under RUDDy's post! See, just as I said!!! LOL
That's about the length and breadth of it. As with all the Penny share companies, many of them come and go as they choose. The CEO's make money and after a few years, they delist, disappear and go Private and then the AIM issue Shares certificates and then you find a Broker who will handle the sale. However, if they go into a CVA, and it fails, you lose 100%.
As far as FLPC is concerned, nobody knows what will happen, but if I were invested in a similar share, I would take note of all that's been going on, take what's left of my money and get out whilst I could?
Basically, there's no funding available and with perhaps a few thousand in the bank, I think there's almost no chance they will Mine, but they could come back with a 'Program' that will look good on paper, as it has done, and they may start again, spinning more stories of great things, but again, we wait and see.
With FLPC, NOTHING is certain, but there's more chance of them going than staying...IMO?
Yes, I saw that but it's probably just a last ditch attmept to stimulate the SP. I don't think anyone knows anything for sure and only the CEO is in the position to be in the know. There's little or nothing that's conducive to buy at the moment, because if there was a glimmer of anything, it would or at least or should be, on the website. This is the only way this will increase by thousands of percent. Enough for the Million buyer to make a packet providing he or she gets the opportunity to sell them in a single block and not several tranches by which time it could be too late to make on it?
Hard to tell?
Still WRONG!!!
Once again, if it's in court as previously mentioned, an offence has been or being committed. Like it or not a Court Case is proceedings. End of.
Wait and see. There is no indication they won't comply at the last minute. Phone Bob and ask him what he's going to do about it. As a shareholder, you are entitled to know what is going to become of your investments. If he won't give you a straight answer, then tell him what he already knows and that's he's a bent as a $9 bill, then hang up.
Didn't you know about these PROCEEDINGS. Not only is there the SEC, but the AUCTUS Proceedings too. That's two cases irrespective of the outcome of the first case, the 2nd ongoing case is also about FLPCs failure to respond and comply, so don't go on about proving it with facts and evidence. It's been running long enough and there's enough information posted that contrary to what you say about there are NO Legal Proceedings against FLPC...YES THERE ARE...it's there in black & white for all to see. HARD FACTS which you cannot deny. lol.
They are and were both Court cases, the latter has not yet been concluded, but they ARE Legal cases against the company. So what next...if they still don't reply/comply, they will withdraw their Securities. Read all about it. They are still in trouble and if you disagree with that, contact the SEC and say they must be wrong!! It's on the Public Domain so it's in the Public's interest to know what's going on...irrespective whether they are shareholders or not :)
The BoD always come up with the right answer at the 11th hour. Let's see what happens this time! They are wiley guys and their fingers are on the Pulse....I think there's still a Pulse?!!
HE DOES HAVE A LIFE AND HE DOESN'T NEED TO GO GET ONE, HE HAS IT AT THE SHAREHOLDER'S EXPENSE, THANKYOU VERY MUCH. THE COMPANY WILL EVENTUALLY BE TORN DOWN, IF NOT SOONER BECAUSE THE PREVIOUS ACCOUNTANT ALREADY TOLD THEM THEY HAD DOUBTS AS TO THE SURVIVAL OF FLPC, WHICH TO ALL INTELLIGENT SHAREHOLDERS, WAS VERY CLEAR.
The BoD chose to ignore the advice of the accountants and dragged themselves further and further into debt, and the more debt they accrued, the more people it will upset. The people to whom they owe money have lives too, and the FLPC debt situation is out of hand and because of this, other people have to suffer from their greed. Ethics with FLPC don't exist, this is why they work the way they do. Nobody else matters, least of all, the Shareholders because it was they who chose to throw money into FLPC so they feel no guilt. Their risk.
They want to stay 'in business' even though there's no business going on. It's been a con from the outset and if people haven't latched on to it, then, bad luck. FLPC is here only to attempt to screw the shareholder's of every last Cent before they go under. Whatever Waxy wants to write, I'm not bothered, he knows I'm right but won't admit it, same as Sylvia.
MY OPINION which by all accounts is accurate. The PROOF of this dilatory company is No Money, Toxic debt, a depleted share price and NO Sales plus no Mining. THIS is the evidence, clear as day.
TICK TOCK...
PINK QUOTE (again).
"We were right. FLPC issued a new press-release back on Tuesday (eartly news but VERY relevant) where they explained how they will finally manage to start operations in their mines, supposedly full of rare earth minerals. They say that they have allocated millions of dollars for the exploration process but we are not sure where they got the millions from. They are certainly not present in their latest financial statement covering the quarter that ended on October 31, 2012. Here's a recap of the financials:
cash: $28 thousand
current assets: $155 thousand
current liabilities: $1.3 million
no revenue since inception
quarterly net loss: $391 thousand
The only way they could have acquired the funding is by borrowing some money, but they are not willing to disclose how much money they obtained, what the terms of the notes are and other details that, we reckon, are rather important for the shareholders".
See, more fibs from FLPC BoD about getting Money for Mining. Even over several years, they had money AND said they were finally starting operations....BUT they never did. More lies to Hoodwink Shareholders in to parting with their cash. Years later, not A SINGLE MENTION of starting operations.
There was NO PROOF about any operations EVER taking place and NO PROOF of where or when. They even stated they have allocated Millions for the Mining but NO SIGN of the cash. If they had it as they said they had....WHERE IS IT? Clearly, if it's never seen their Business Account, it's been 'Misdirected'. Perhaps the Funding cheque was accidentally destroyed by mixing it up by mistake in the Washing machine and was chewed up at the Laundromat. Shame?
...
There is AMPLE Proof in the PINK sheets of mismanagement and operating a company that is misleading the Shareholders with innuendo about Mining that comes of nothing, always has done.
VERY UNFAIR business run by CROOKS.
WRONG!!
"Yet there is not a shred of evidence or proof of any missing funds"
Yes, there is, as admitted IN WRITING by PINK sheets. The FACT they wrote about it and it wasn't divulged by FLPC except by a Third Party is proof enough to any reader that the cash has vanished. IF IT HASN'T, SHOW EVERYONE PROOF or EVIDENCE WHERE IT WENT AND WHY THEY WOULDN'T TELL SHAREHOLDERS ABOUT IT? IT was FUNDING, that means for FLPC, so WHY wasn't it disclosed. Shocking trick to 'hide it'?
(You won't be able to. Further PROOF, they are Bad Eggs running the show!!!)
It would be in the interests of ALL remaining shareholder for the BoD to make comments on all happenings within the company, good, bad or indifferent, that is likely to affect the business and the subsequent share price. If per chance something untoward happens which they keep hushed up (like the $2.6M they wouldn't talk about, and it was in the interest of the Shareholders who find out that it has adversely affected the business, it is then PROOF that the BoD are operating a dodgy Biz. (But we all know that already! LOL)